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The More Information an Entrepreneur Acquires During the Process of _____

question 35

Multiple Choice

The more information an entrepreneur acquires during the process of _____, the higher the chance that his or her predictions will be close to the mark, risk will be reduced, and uncertainty managed.


Definitions:

Operant Conditioning

A pedagogical strategy that tweaks the strength of a behavioural action via encouragement or disciplinary measures.

Classical Conditioning

A training technique involving the repeated coupling of two stimuli, where a reaction initially caused by the second stimulus is ultimately induced by only the first stimulus.

Reinforced

Strengthened or encouraged, often in the context of behaviors being made more likely to occur through positive or negative reinforcement.

Punished

The infliction or imposition of a penalty as retribution for an offense or undesirable behavior.

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